Over the years the RV industry has been an appropriate indicator of the overall strength of the economy. When the RV industry is up, the economy is in good shape, when it is down, the economy may be struggling. In 2010, RV shows are reporting an increase in attendance as well as an increase in sales. RV enthusiasts are back and ready to start traveling again!
Indications of a recovering economy first began to be noticed during RV shows. Attendance at these shows increased but the biggest indication was an increase in sales at these shows. Trends began to emerge; buyers from what would be considered the younger generation would purchase lightweight models and economy RVs where buyers from the older generation would purchase more traditional vehicles like the Class A or Class B.
With the new technologies being added to the many RVs for sale, motor homes are quickly rolling off the lot. Additionally with the advancement and implementation of green technologies, RVs are appealing to more and more people. Among these green additions, owners will find aerodynamic designs, LED lighting, solar panels, recycled wood and more. Now more and more people from all walks of life can enjoy the fun of owning an RV.
An RV is a reflection of the individual who owns it and because of such it needs to represent the person appropriately. RV manufacturers have created a variety of options to suit every kind of buyer! Whether your preference is luxury or whether it is simplicity, there is an RV for you. If you want to drive a condo on wheels or simply have a comfortable place to sleep, the choice is yours!
According to the record books, the RV industry has existed for one-hundred years. As the RV industry celebrates this centennial mark, we cannot help but recognize that over the years the RV industry has become more than a business, it has become a community. Millions of people have embraced it as a way of life and have been along for the ride through the up and downs. And as more and more people get on board and enjoy the freedom of RV life, it’s easy to see the appeal!
15 new RV manufacturers opened their doors in 2009 according to RVIA.org. This was a great sign for the RV industry as well as all other industries as it is a thriving RV industry is often an indication of a thriving economy. RV companies as well as other companies have once again lifted the hiring freeze and are adding more employees.
The delinquency rate of RV loans is traditionally much better than the delinquency rate of other consumer loans; .95% in 1997-2007 versus 2.0% according to the American Bankers Association Quarterly Delinquency Bulletin. This can potentially lead to helping the economy recover as more RVs are purchased.
Many Americans believe in the freedom found on the road. Many love the option of traveling on a whim, at their own pace. It’s a freedom some choose not to take advantage of but those who do are often changed forever. Perhaps you would love to see the world from an RV? Visit your RV dealer and check out the RVs for sale today!
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